To be honest, it is not easy to answer. The Indian government is not yet very sure about dealing with this new phenomenon. But here are a few facts to be noted. In 2018, the Reserve Bank of India came out strongly to ban it in India. After it, in 2020, the SC of India reversed this ban imposed by RBI. It was also followed by other Indian banks and curtailed the transactions regarding crypto exchanges. These banks are governed by the Reserve Bank of India and not by the Supreme Court directly. But recently, the Reserve Bank of India said that its 2018 ban was overruled by the decision of the S
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